Motherson Sumi Hits 52-Week High

Motherson Sumi, a flagship company of the Samvardhan Motherson Group, hit its 52-week high of Rs 477 per share higher by Rs 17 per share or 3.7% during Monday morning trading session.

The stock has delivered 63% returns in a period of one year and has outperformed the BSE Sensex and BSE Auto indices over the same time period.

Recently, the auto component major for the current fiscal has lined up capital expenditure, mainly on the upcoming nine plants in five countries, including India.

The company is coming up with three plants in India, three in Hungary, one each at South Korea, Mexico and the United States.

Motherson Sumi Systems Limited is a system solutions provider to automotive and other industries, offering services from design and prototyping to production and delivery of solutions across a range of products.

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About Suhani Varma